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Sri Lanka’s thermal power plants ready to generate power from LNG within 18 months

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Signatories from Petronet India and LTL Holdings Sri Lanka sign the MoU at Galadari Colombo on August 20.Pic by Saman Ranaweera

Move expected to bring down electricity cost by 40-50%

Government of India backs the B2B move to support people in Sri Lanka

By Sanath Nanayakkare

Sri Lanka’s thermal power plants will begin to generate power from Liquified Natural Gas (LNG) hopefully within 18 months, and this will help reduce current electricity tariffs by 40-50%, Power and Energy Minister Kanchana Wijesekara said in Colombo on 20th August 2024.

He said so at an event where Petronet LNG Limited (PLL), India, and LTL Holdings Limited, Sri Lanka, signed a Memorandum of Understanding (MoU) for LNG Infrastructure Development and LNG Supply to Sri Lanka.

The MoU is focused on providing an innovative solution encompassing supply of LNG through multimodal ISO Container supply chain. It involves the development of LNG unloading, storage, and regasification facilities at Kerawalapitiya, Colombo, and the supply of LNG from PLL’s Kochi LNG Terminal through LNG ISO tank containers for power generation facilities of Sobadhanavi Power Plant in Sri Lanka.

Speaking at the event, Minister Wijesekara said, “The government has come to a policy decision that generation and supply of power in Sri Lanka need to be on a sustainable footing without leaving any room for long power cuts like in 2022, which had an enormous adverse impact on the community and the businesses. At that time, we started discussing with various players and stakeholders of the industry. We had the first discussion in this regard with the Indian High Commission in Colombo during the term of Former Indian High commissioner Gopal Baglay. I appreciate the support extended to Sri Lanka by the government of India at the most difficult time by supporting our country through several credit facilities, critical fuel supplies and other forms of support. If not for that support from the government of India and Indian Prime Minister Sri Narendra Modi, Sri Lanka wouldn’t still have come out of its electricity crisis that led to a massive social upheaval.”

“At these discussions, we also focused on how we can bring down the cost of electricity while supplying uninterrupted power. One of the hard decisions we had to make was introducing the cost-reflective pricing as a first step. At that time, we faced the challenge of integrating new power sources to the national grid as the CEB and CPC had accumulated losses of Rs.300 billion, and we had little ability to pay the outstanding bills of our existing power suppliers. These two institutions had burdened the two state banks with borrowings amounting to more than Rs. 200 billion and the Treasury had also been burdened due to these financial constraints of the power sector. The media has published reports that with the cost reflective pricing, the CEB has posted a profit of Rs. 116 billion in the first half of this year. But the media failed to mention that the said accumulated losses were settled using these profits generated from the cost-reflective pricing mechanism. We used those funds to pay the outstanding bills of our suppliers such as LTL and other suppliers of coal and fuel who are key to eliminating power cuts in the country. In March 2023, the Secretary to the Ministry of Natural Gas and Petroleum Resources in India visited Sri Lanka with a high-level delegation. A key subtopic during these discussions was LNG supply and infrastructure required for the existing power plants in the country to generate power from LNG. The West Coast was also suitable for LNG, but it had no infrastructure for it. Sobadanavi and Ugadanavi plants were already there, and a third tender was being floated for power generation in Sri Lanka. In such a context, former Indian High Commissioner Gopal Baglay made a convincing case for Petronet LNG India to look at an interim solution for LNG supply for Sri Lanka. And Petronet came back within a month with an interim solution to make LNG available in nine months. But for this, we had to go through difficult legal frameworks and negotiations in creating the modalities for supply of LNG. After going through these hardships, today we have come to this historic day where we are going to finalize a permanent solution for the supply of LNG and infrastructure necessary for LNG power plants in Sri Lanka. With LNG coming to Sri Lanka, we can also look at other possibilities like LNG bunkering and even providing LNG pipe borne gas for cooking in households.”

Dr. Satyanjal Pandey, Deputy High Commissioner, High Commission of India (L) / Kanchana Wijesekara, Minister of Power and Energy (R)

“These are some of the vital avenues that will open with the signing of this MoU. There is an eighteen month timeline for this and we hope the infrastructure and the supply will be ready at least by the beginning of 2026. Then our power plants will be ready to generate power form LNG. This will significantly bring down the cost of electricity. At present, a unit generated from diesel power stations costs between Rs. 106 and Rs. 110. When our power stations operate from LNG , we can bring down this cost by at least 40-50% , and pass that benefit to the consumers. Overall, it will help bring down cost of energy in Sri Lanka. This is the first overseas venture for Petronet India. I know that you were pushed by the government of India to make sure that these facilities are available and your services are extended to the government of Sri Lanka. So, I thank the government of India and the management of Petronet LNG for working with us over the past 15 months to come up with proposals in order to make sure that you are supporting your neighbour and its people.”

” Sri Lanka’s LTL Holding played a key role in this exercise at a time the CEB was not in a position to come up with an agreement of this sort with a foreign partner. But LTL had that capacity to enter into a B2B agreement with the backing of the government of Sri Lanka. With this MoU coming in, the Ministry of Power and Energy will support you in facilitating your work, coordinating with the the ministries of ports and shipping, transport and highways, land and urban development , in securing the spaces in the Port of Colombo for logistical requirements and obtaining the lands required for the regasification unit in Kerawalapitiya. My ministry will work closely with the Indian and Sri Lankan companies to make this energy generation target a reality in the next 18 months,” the minister said.

Dr. Satyanjal Pandey, Deputy High Commissioner, High Commission of India in Sri Lanka speaking at the event said:

“The two governments are working closely to quickly achieve our shared aspirations. Today’s MoU is a testament to our continued efforts to build on this strong foundation provided by our bilateral relationship to collaborate in areas crucial to our future prosperity. The project of Petronet India and LTL Holdings reflect the mutual benefits and cooperation that define our relationship. The establishment of LNG facility in Kerawalapitiya by the two companies and the supply of LNG from Kochi Terminal will support Sri Lanka’s energy needs and also contribute to the energy security of Sri Lanka.”



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Shark and Ray Karawala

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Sun drying of ray meat

When we buy shark dry fish (Mora Karawala), do we really know what species we are consuming? What if endangered sharks are hiding in our meal? Most consumers are unaware.

In Sri Lanka, dried fish is more than food; it is a flavour, a tradition and a way of life. Affordable, long-lasting, and rich in taste, it has become a staple across the island, mainly in rural communities, the dry zone, and hill country. While most fish are eaten fresh, about 14% of the catch is preserved through age-old methods, such as salting, sun drying, smoking and fermentation. Whether served as a main dish (Karawala) or as a flavourful condiment (Umbalakada), dried fish has secured a special place on Sri Lankan plates.

Today, nearly two-thirds of the demand for dry fish is met locally, with dried sharks being the most common and popular in markets. And many people believe that milk sharks are particularly nutritious for lactating mothers.

Typically, part of the excess fish supply in peak seasons, fish arrive late from multiday fishing boats, fish from the bottom of nets, fish that are susceptible to quick spoilage or have low market appeal, are used to produce dry fish rather than letting this resource go to waste. In many coastal villages, drying fish is carried out at the fishing “waadi” (fishing villages/houses) level, often led by women as a means of earning supplementary income.

But this comes with a cost. Sharks and Rays are slow-growing, late maturing and producing only a few young cannot keep up with rising demand. Sharks and Rays are captured by large-scale artisanal fisheries and often retained as bycatch. Mainly exploited for their meat and other derivatives, including gill plates, fins, and skins.  Overfishing has pushed their populations into serious decline.

In Sri Lanka, over 60–70% of shark and ray species are threatened with extinction according to the IUCN Red List, with many others listed as Data Deficient — meaning their true status may be even worse. Only a handful of species might be considered less at risk, but even those assessments are uncertain.

Sun drying of ray meat

Once dried, it becomes nearly impossible to identify which species are being sold. Drying removes distinguishing features, making it impossible to verify the species or ensure sustainability. Labelling is virtually non-existent, and consumers have no reliable way to tell which species they are purchasing.

This means endangered sharks are likely ending up on plates across the country — without anyone realising it. Given the high proportion of threatened species and the lack of transparency, the safest and most responsible choice is to avoid all shark-based dried fish entirely.

By choosing alternative dried fish products made from more sustainable species, we can protect Sri Lanka’s marine biodiversity and ensure that our cultural traditions remain part of a future where sharks still swim in our oceans.

About the Author:

Apsara Rupasinghe, a zoologist with a BSc (Hons) Degree in Zoology, is pursuing MPhil research on shark and ray genetics at BRT-FiPo, with a background in conservation genetics and population genetics. Her work involves combining genetics and conservation to improve species identification and protect endangered elasmobranch species. Apsara pays special attention to the dry fish industry in Sri Lanka as part of her research.

by Apsara Rupasinghe

(Researcher, Fisheries and Policy Programme, Blue Resources Trust)

 

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SPAR Sri Lanka opens first Kandy outlet, redefining modern retail in hill capital

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From left to right : Oliver Sabatino- General Manager, Daham Gunasena - Director Commercial, Kumar De Silva Chief Executive Officer, Pasan De Siva Head of Finance , Kumila Gunasekera- Head of new business Development Chamira Suraweera Head of HR, Mevan Fernando Head of IT.

SPAR Sri Lanka marked a significant milestone with the opening of its 12th outlet—its first in the historic city of Kandy and only the second outside the Western Province. Established in 2018 as a joint venture between SPAR South Africa Group and Ceylon Biscuits Limited, SPAR Sri Lanka combines global expertise with strong local roots.

Speaking at the launch, CEO of SPAR Sri Lanka highlighted the cultural and commercial significance of Kandy, noting that the brand’s aim is “not just to open a store, but to serve the community in a meaningful and relevant way.”

The Kandy outlet offers over 6,200 products, with nearly 3,900 locally sourced, supporting farmers, producers, and SMEs, while the remaining range includes imported SPAR international brands. Innovative features such as a dedicated pet care section, TOPs liquor store, pharmacy, and banking facilities create a one-stop lifestyle destination.

SPAR Sri Lanka is also fostering youth employment and professional development, providing structured training programs to equip staff with globally recognised retail skills. The store has created over 50 jobs in the region and supports local suppliers in meeting international standards, opening doors for broader market access.

With its SPAR2U online platform and SPAR Rewards app, customers can enjoy convenience and value, while the company’s ecosystem approach supports retailers, suppliers, and communities alike. The brand’s next expansion is scheduled in Kurunegala, underscoring SPAR Sri Lanka’s vision of reshaping retail while uplifting local economies.

Text and Pic By S.K Samaranayake 

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Sri Lanka Insurance Life Honoured at Great Managers Awards, Becoming First SOE to Achieve this Recognition

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SLIC Life team after receiving their awards (L-R) Ruchira Edirisinghe - Brand Manager, Amali Gomez – Manager Corporate & Marketing Communications, Chaminda Athauda - Deputy General Manager Life, Nalin Subasinghe – Chief Executive Officer, Jagath Welgama – Deputy General Manager National Sales, Duminda Peiris –AGM/Zonal Head, Manjula Darmaprema –Branch Manager Pilimathalawa and Uththara Kapugamage – Manager Employee Engagement

Sri Lanka Insurance Life (SLIC Life) was recognised at the prestigious ‘Great Managers Awards 2025’, held on 26th March 2026 at Cinnamon Grand, Colombo, marking a significant milestone as the first State-Owned Enterprise (SOE) to receive this recognition.

Organised by CLA Coaching in collaboration with the Colombo Leadership Academy, the awards recognise organisations and individuals who demonstrate excellence in leadership and managerial effectiveness, benchmarked against global best practices through a rigorous evaluation process.

Sri Lanka Insurance Life was recognised under the category of ‘Companies with Great Managers’, reflecting its commitment to nurturing leadership talent and building a culture that supports sustainable performance and people development.

Several SLIC Life team members were also honoured across multiple categories, highlighting the depth of leadership within the organisation. Duminda Pieris, Assistant General Manager/Zonal Head, was recognised for Driving Results and Execution Excellence, while Chaminda Athauda, Deputy General Manager – Life, received recognition for Aligning Organisational Vision. Jagath Welgama, Deputy General Manager – National Sales, and Manjula Darmaprema Branch Manager – Pilimathalawa were acknowledged for Building Team Effectiveness and Collaboration. Amali Gomez, Manager – Corporate & Marketing Communications, was recognised for Integrality and Holistic Approach. Ruchira Edirisinghe, Brand Manager, and Uththara Kapugamage, Manager – Employee Engagement, were both recognised as Great Millennial Managers.

Commenting on the achievement, Nalin Subasinghe Chief Executive Officer of Sri Lanka Insurance Life stated: “We are truly humbled and honoured to be recognised at the Great Managers Awards 2025, especially as the first State-Owned Enterprise to receive this accolade. This achievement is a testament to the strength, dedication, and professionalism of our team, who continue to demonstrate exceptional leadership across all levels of the organisation. We take great pride in this collective success.” He further added, “We also commend this initiative for its role in encouraging organisations to nurture and develop future leaders. Platforms such as these are vital in shaping strong leadership cultures that drive sustainable business success and industry-wide progress.”

This recognition underscores Sri Lanka Insurance Life’s ongoing commitment to developing its people, strengthening leadership capabilities, and fostering a high-performance culture that contributes to long-term organisational success.

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